Newell Rubbermaid profit, sales rise

DanBurrows

NEW YORK (MarketWatch) -- Newell-Rubbermaid Inc.
NWL, -2.68%
said Thursday that second-quarter income rose to $119.5, or 43 cents a share, from $66.2 million, or 24 cents, a year ago. Excluding charges, earnings from continuing operations came to 54 cents a share. Sales for the three months ended June 30 increased to $1.7 billion from $1.55 billion. Analysts polled by Thomson First Call, on average, forecast earnings of 42 cents a share on sales of $1.72 billion. For the third quarter, the Atlanta, consumer products company forecast earnings from continuing operations at 35 cents to 39 cents a share, against analysts' view for 43 cents. Additionally, Newell Rubbermaid said it will sell its home decor business in Europe, which contributed sales of about $375 million last year.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.